PLANT ALL RISKS INSURANCE

Plant All Risks (PAR) Insurance is a type of property insurance
designed to protect construction or industrial plants and  
equipment against unforeseen physical loss or damage. This coverage
is essential for businesses that rely on plants, machinery and 
equipment for their operations.

Key Features of PAR Insurance:
PAR policies typically cover a wide range of perils, including:
1. Fire, lightning, and explosion
2. Theft and burglary
3. Storm and tempest
4. Impact, collision, and overturning
5. Transport accidents
6. Accidental damage during dismantling or reassembling

Flexibility: The policy can be customised to meet the 
specific needs of the insured, covering both stationary and 
mobile equipment.
     
Though, Plant All Risks (PAR) insurance offers comprehensive 
coverage, there are certain exclusions that may apply:
Wear and tear: Normal wear and tear of the equipment is
generally not covered.
Corrosion: Damage caused by corrosion over time is typically
excluded.
Inherent defects: Defects present in the equipment at the time
of purchase are usually not covered.
    
Benefits of PAR Insurance:
1. Financial Protection: PAR insurance can help mitigate the 
financial
 impact of equipment loss or damage.
Business Continuity: By protecting valuable assets, PAR 
insurance can help ensure business continuity in the event of an 
unforeseen incident.
Peace of Mind: Knowing that your equipment is insured can
provide peace of mind and reduce stress.